Transmission would "clunk" when shifting from reverse to drive when warm. It would typcially take approximately 5 seconds to engage into drive when warm. Also had a lurching problem during freeway driving while at speed.

2001 Volvo V70 Transmission Problems

152 TrueDelta members own (or used to own) a 2001 Volvo V70. 31 of these members
(20.4%) have reported transmission repairs for their car.
A total of 48 transmission repairs to 2001 Volvo V70s--an average of 0.3 per
vehicle--have been reported.